Search results

OK. I already have significantly more than $25K in Robinhood. So, I should move some of that to IB rather than wait til my Robinhood gets to $125K then move it to IB? $0 Comm is deceptive when you can't get RT quotes(I always use limit orders). haha. If I can avoid it, then I rather not borrow...

OK. I get what you are saying. The first $5K is my loss. But right now on Robinhood, which is non-margin account, if I want to trade $100K, I have to put down $100K. Which at the rate I'm going I might hit it sooner than later. But at a retail prop, I put down $5K and trade with $100K. More...

I've thought about it. Doesn't sound Very responsible. Surprising to hear it come from you. Before I tap my home equity, which is big chunk of my total investments, I would need to exhaust the backup savings. And I'm not touching that either. Wouldn't it be less risky to just put $5k down in a...

I need access to more capital today. I sold out one of my positions for a nice gain , but Robinhood has a 3 day settlement. I have already seen a few more good trades go by because I need to wait for my cash to be available. Geez. I can't wait for them to have margin and shorting available. If...

Thank you for your words of wisdom. Just to clarify, I didn't say I was going to quit my corp job to do some prop trading. That would be the last thing on my mind. I'm saying unless I make a few multiples of my current income(which would be pretty difficult), trading on the side then maybe...

Maverick, Interesting perspective. True. I know about my capital as first loss. When I started out in prop back in 2001, there was no capital contributions(good ole days). Then later on I had to do capital contributions. I have been pretty good with risk management and proper allocation. I cut...

aquarian1, OK. OK. Since you want the backstory to make sense of everything, here it goes. From 2001-2003 I traded prop and I SUCKED. I was a newbie and made all of the classic newbie mistakes. But I learned a WHOLE LOT! If I knew what I know now back then I would've made hands over fist. Then...

Thanks. 20:1 intraday and .0035 per share works on retail account. Any platform fees or just straight comm? BTW, how you like the platform? Thanks Superstar2317.

Nice article about Great Point Capital. But it's from 2012. Is it still true?? 25x leverage? And true prop? I thought those days are dwindling... http://www.marketwatch.com/story/book-takes-a-look-inside-professional-day-traders-1339513989350

ScalperJoe: Thank you for your responses and suggestions. I did NOT say I don't want to have securities licenses. I had Series 7,55, and 63 back during my old prop trading days. Those are now obviously expired. And I don't mind take the necessary securities exams if they are required in the...

Thanks for reminding me about PM. I think I'll stick with Reg T until I build up the account(s). PM might make sense in the future but I'm still a ways from there. Thanks for the inputs and suggestions.

No, not sure if I'll even open a Suretrade account and even if I did open one probably not that much given they are not well capitalized and not in US domicile do not make me that comfortable. So, it looks like maybe IB, but since IB is only 4:1 it will be a ways from now to build up to that...

Maverick, I've always enjoyed reading your post here on ET. So, thank you for the honesty. So, what criterion/criteria should I relax above in order for a prop firm to be interested in my proposal? Though I do swing trading, I'm very open to daytrading strategies as well. So, if I do that...

suretrader doesn't look bad. I might try out their demo account to see how it is before putting some nominal amount to start.

OK. I do know some of the name brand prop are. Please list all of them that you know since I have been out of it for a few years. As seeking prop firm employment, nah. I'm working at a very nice white collar professional job that pays me very decent. I just want to trade on the side.

Thanks for pointing out suretrade. 1) 6:1 intraday margin. Nice. I think Bright offers more intraday? But since this is a retail brokerage setup one has access anytime with no lockup. 2) Only 2:1 margin for overnight which is like everyone else. And the overnight APR is 7.5%?!! geez. 3)...

Thanks for clarification.

Something reasonable. I actually don't need ultracheap rates since I'm not a scalper. But I would trade size(not heavy size all the time but enough size enough times that commission would add up). I've been out of the prop trading for a few years. What is a good but not necessarily cheapest comm...

Hi Guys, I'm asking which prop firms would give the best deal for the following scenario: 1) I'll put $25K-$50K deposit and possibly more over time. 2) The most overnight leverage with little to no haircut(I'm currently a a swing trader though I've done daytrading as well) 10:1? 3) What's the...

Just a quick question on the starter MultiCharts.net that comes for FREE on IB. Can one develope some criteria and have MC.Net scan for it? Kinda like RadarScreen on Tradestation.